Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation
The work of UNCITRAL on commercial dispute resolution, security interests, insolvency law, e-commerce, public procurement and privately financed infrastructure projects, contract law and micro, small and medium-sized enterprises (MSMEs) are all relevant in this context. This work aims at simplifying the establishment and operation of small-scale enterprises, including by facilitating access to secured credit and dispute resolution mechanisms, providing legal frameworks for international sales and simplifying the procedures available to address financial distress and insolvency. See targets 8.3 and 8.10 for discussion of related issues.
Infrastructure is the cornerstone of the economy in any society, and a prerequisite to the achievement of all SDGs. Financing infrastructure projects often requires a mixture of domestic resources, foreign investment and international aid. UNCITRAL instruments on privately financed infrastructure projects - widely recognized to be the only comprehensive set of international legal standards in this area - may assist in establishing a legal environment attractive to investors in infrastructure development. Their provisions with respect to cost recovery structures are particularly relevant for low-income countries where recovery of costs through tariffs and user fees is not feasible.
UNCITRAL's most recent transport convention establishes the rules necessary for a global approach to modern door-to-door container transport, thus facilitating supply chain management for all States, including those that are landlocked and least developed.
UNCITRAL, through its secretariat, assists States to understand these standards and enact legislation based upon them to form a modern and transparent legal framework that would be acceptable to States with different legal, social and economic systems, potential international donors and private investors.